Commercial Credit Analyst

Westmark Credit Union • Idaho Falls, ID

2d

About The Position

Discover the Westmark Difference!!

Are you looking for a career? Do you want to be valued as an individual on a team? Do you want to learn, grow, and make a difference in your community? Westmark offers outstanding stability, a variety of career opportunities and exceptional work/life balance.
· 60 % of our employees have been part of the Westmark family for 5+ years.
· 71% of our employees who have been part of the Westmark family for one year or more have received at least one promotion.
· 85% of our managers were promoted from within the company.
· Westmark has been in business since 1954 and has recently grown to over $1.3 billion in assets, 15 branches, and over 70,000 members!

We also have some of the most impressive benefits in the industry:
· Paid Time Off (3 to 5 weeks per year, depending on tenure) PLUS 11 paid holidays.
· Excellent health insurance options for employees and family with shared premiums
· 401k with 75% company match and 2% profit sharing contribution
· Tuition Reimbursement and Scholarships
· Employee Assistance Program (Free counseling and legal services)

Position Summary: Under limited supervision, responsible for performing credit analysis on income tax returns and financial statements for existing and prospective commercial loan clients. This includes calculating commercial lending ratios, preparing risk rating matrices, and drafting credit memorandums for loan presentations. Works closely with Commercial Loan Officers to communicate findings and recommendations.
Travel Requirements: Some local travel
Schedule: Approximately 40 hours within a Monday through Friday work week

Requirements

• Bachelor’s degree in business, finance, or accounting; or five years of relevant experience in commercial lending.
• Exceptional skills in Microsoft Excel, including advanced financial calculations and formula use.
• Proficiency in financial analysis tools and methodology.
• Knowledge of Commercial and Industrial (C&I), Commercial Real Estate (CRE), Construction, and SBA lending.
• Excellent written and verbal communication skills, with the ability to deliver assertive presentations and interact professionally with clients.
• Demonstrates high accuracy and attention to detail in financial analysis.
• Displays strong public relations skills and a positive attitude when interacting with clients and coworkers.
• Maintains a reliable attendance record and accountability for actions.
• Demonstrates effective time management and organizational skills.
• Strong teamwork skills with a willingness to support the department as needed.
• Proficiency in using computers and relevant software tools.
• Manual Dexterity and hand-eye coordination for tasks such as typing and operating office equipment.
• Sitting for extended periods of time.
• Visual and auditory abilities to understand and communicate with the public.
• Repetitive motion using wrists, hands, and fingers.
• Occasionally lift and carry up to 15 lbs., if required for departmental tasks.

Responsibilities

• Gather income tax returns, financial statements, and additional credit data from prospective and existing commercial loan clients, including CPAs or other related parties.
• Spread financial statements and tax returns provided by commercial loan borrowers, performing in-depth financial analysis.
• Utilize standardized financial analysis tools and software to calculate business lending ratios (e.g., Liquidity Ratios, Leverage Ratios, Operating Ratios) and identify financial trends for new loan requests or reviews of existing commitments.
• Analyze various collateral types, including Commercial Real Estate (CRE), Multi-Family, Retail, Warehouses, and Proposed Construction.
• Identify loan purpose, sources of repayment, and collateral values, communicating findings in a comprehensive written analysis.
• Conduct appraisal reviews and perform ongoing covenant testing as required.
• Assist in developing materials for loan presentations to the Commercial Loan Committee and Executive Credit Committee.
• Communicate strengths and weaknesses of applicants’ financial positions and ratios to Commercial Loan Officers to support loan decisions.
• Serve as a backup for Commercial Loan Processing tasks as needed.
• Participate in Westmark-sponsored community and business events.
• Attend training in credit analysis and financial analysis as assigned, including CUNA CPD training and relevant conferences.
• Perform additional duties as directed by the VP of Commercial Lending.

Benefits

• Paid Time Off (3 to 5 weeks per year, depending on tenure) PLUS 11 paid holidays.
• Excellent health insurance options for employees and family with shared premiums
• 401k with 75% company match and 2% profit sharing contribution
• Tuition Reimbursement and Scholarships
• Employee Assistance Program (Free counseling and legal services)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level